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A safe asset's real value is insulated from shocks, including declines in GDP from rare macroeconomic disasters. However, in a Lucas-tree world, the aggregate risk is given by the process for GDP and cannot be altered by the creation of safe assets. Therefore, in the equilibrium of a...
Persistent link: https://www.econbiz.de/10012458013
the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically …This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and … makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also …
Persistent link: https://www.econbiz.de/10012471458
This paper examines the generation and management of solid waste (MSW) through the lens of economics. We estimate that … the global burden of MSW amounted to 1.3 billion metric tons in 1990, or 0.67 kilograms of waste per person per day … disposing of MSW vary widely across countries in accord with the nature of the waste stream and key features of the …
Persistent link: https://www.econbiz.de/10012473770
lack of attention likely reflects the focus on the positive aspects of industrialization and the difficulty of finding data … waste, which had large mortality impacts, particularly in cities. This essay reviews long run trends in energy use and water …
Persistent link: https://www.econbiz.de/10014322795
We combine national administrative data on earnings and participation in subsidized housing to study how the demolition of 160 public housing projects--funded by the HOPE VI program--affected the adult labor market outcomes for 18,500 children. Our empirical strategy compares children exposed to...
Persistent link: https://www.econbiz.de/10012482376
A growing number of surveys elicit respondents' expectations for future events on a 0-100 scale of percent chance …
Persistent link: https://www.econbiz.de/10012453157
power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future … investments, which in turn prompts it to increase taxes next period. This induces low investment thus low future taxes, and so on …
Persistent link: https://www.econbiz.de/10012456256
The invention of new applications based on information and communications technologies (ICTs) has had two economic effects up to now. These applications have transformed production, creating value for applications-inventing companies and their customers and increasing economic growth through...
Persistent link: https://www.econbiz.de/10012456330
Online advertising offers unprecedented opportunities for measurement. A host of new metrics, clicks being the leading example, have become widespread in advertising science. New data and experimentation platforms open the door for firms and researchers to measure true causal effects of...
Persistent link: https://www.econbiz.de/10012459143
An unresolved question concerning post-Civil War U.S. industrialization is the degree to which import tariffs protected …
Persistent link: https://www.econbiz.de/10012471127